Equity Linked Saving Scheme (ELSS) or a tax saving mutual fund schemes helps investors to save taxes under Section 80C of the Income Tax Act 1961. The investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to Rs 1.5 lakh...
Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
ELSS Mutual Funds, or Equity Linked Saving Scheme, function as tax-saving mutual fund investment options with primary investment in equity markets. Investors allocate funds to ELSS schemes, which are later managed by mutual fund managers, who plan investments in diversified funds. The unique feature...
It provides the least possible lock-in period among all tax saving instruments besides providing equity asset investment exposure making it a good long-term tool for wealth creation. This paper studies the investment behaviour of a typical ELSS mutual fund investor. Primary data is used to ...
Some of the features of ELSS mutual funds include: Lock-in period: It comes with a minimum lock-in period of 3 years. Equity exposure: It invests at least 80% of the investment in equities. Tax saving: Investments in ELSS are eligible for tax deduction under section 80C, upto Rs 1.5 ...
Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
ELSS- Tax saving Mutual fund Hard-working professionals and businessmen are always on the lookout for the best tax saving investments to derive maximum benefits from their investments. Equity Linked Saving Scheme is the type of mutual fund which is eligible for the tax deductions u/s 80C of ...
fund manager picks stocks after conducting an in-depth market research to deliver optimal risk-adjusted portfolio returns. As compared to other tax-saving avenues, these funds have the shortest lock-in period of three years. Investing in ELSS Funds makes you eligible for a tax deduction of up ...
The invested amount is also eligible for tax benefits under Section 80C. WHY ELSS? If you are looking for a tax-saving instrument that can help you grow your investment, ELSS is a good bet. Because ELSS are mutual funds investing in the equity market, they have the potential to grow ...
Tax Saving Schemes: Make Investment in ELSS mutual fund, NPS (Pension Plan), Health & Term Insurance to save tax up to ₹78,000 under section 80C,80CCD & 80D.